【Circle Executives Cashing Out at High Levels, Selling Early Amidst 349% Surge in Stock Price】According to Golden Finance, while investors are scrambling to buy shares in the hot cryptocurrency company IPO this week, executives at stablecoin issuer Circle (CRCL.N) have begun to urgently capitalize on the remarkable gains since the company's listing. Circle announced on Tuesday that it would sell 10 million shares at the current market price (of which 2 million shares come from the company and the remaining from shareholders including CEO Jeremy Allaire), cashing out approximately $1.4 billion. According to insiders, this two-day placement has been oversubscribed, with pricing expected to be completed on Thursday local time. The company's stock price has soared 349% since its listing in early June, and it recently delivered impressive quarterly financial results earlier this week. This stock sale comes much earlier than expected—just two months after Circle's listing, far from the end of the year lock-up period. However, JPMorgan, the IPO's lead underwriter and the party responsible for lock-up waiver decisions, did not prevent this sale. Joseph Schuster, founder of Chicago-based IPO research firm IPOX, stated: 'This is a reasonable arbitrage activity, transferring the risk to the public market.'